December is here! It is hard for me to believe 2018 has come to an end.
I just published a new article on Carolyn’s Nonprofit Blog, “2019 | Nonprofit Predictions.” Follow the link to read it. I have gone into a little more depth than usual this year, and I have provided helpful links to other resources. I cover federal funding, crypto currencies and Blockchain, crowdfunding, data, donor advised funds, and more.
This is the fifth year I have attempted to predict the future. If you have questions or want to share comments, please use my secure contact form.
I agree with those quoted in my article that 2018 has been one of the most tumultuous the nonprofit sector has experienced. But despite numerous challenges, nonprofit organizations and several donors – including some leading American corporations and foundations – are stepping up to the plate. I am proud of our sector and our partners for continuing to innovate and to, “push back” against those whose actions hurt our sector.
Here’s wishing you a successful year-end fundraising season! Thank you for following Carolyn’s Nonprofit Blog. As you know, I launched the blog back in 2011 with the aim of sharing my extensive fundraising experiences for the benefit of the public. I do it as a public service, free of charge. It has been my hope that the challenges I have faced – and the ways I have overcome them – will inspire others to continue forward to make our world a better place in which to live and work.
Carolyn M. Appleton | December 2, 2018
P.S. – If you have ideas for future topics you would like me to cover on Carolyn’s Nonprofit Blog in 2019, please let me know. Happy holidays!
“A recession is a significant decline in economic activity that goes on for more than a few months. It is visible in industrial production, employment, real income and wholesale-retail trade. The technical indicator of a recession is two consecutive quarters of negative economic growth as measured by a country’s gross domestic product (GDP), although the National Bureau of Economic Research (NBER) does not necessarily need to see this occur to call a recession.” – Investopedia
I have read quite a few articles and watched videos featuring leading financial experts who are discussing the possibility of a recession. White opinion remains divided, the thought that several predict a recession causes me to revisit the idea of nonprofit organizations establishing “rainy day,” or reserve funds.
From USLegal, “A reserve fund is a fund of money created to take care of maintenance, repairs or unexpected expenses of a business.” Having watched nonprofits suffer intensely during the last recession – the magnitude of which we all hope will never be repeated – my advice for nonprofits during this busy year-end fundraising season is to be prepared. Take some of those year-end charitable donations and sock them away into a savings account or other fund where you can get to them easily if and when needed.
But even if a less harmful recession comes our way in 2020 or 2021, why not be prepared? #JustDoIt
Food for Thought
Chris Farrell, Next Avenue for Forbes, “Is The Next Recession On Its Way?” (August 3, 2018). “Here are two safe forecasts, the kind you can count on. First, the U.S. economy will sink into a recession. Second, no one knows when the recession will arrive. Taken altogether, these two “forecasts” have critical implications for managing your finances.”
Quin Liu, World Economic Forum, “From Economic Crisis to World War II” (November 8, 2018). “As monetary tightening reveals the vulnerabilities in the real economy, the collapse of asset-price bubbles will trigger another economic crisis – one that could be even more severe than the last, because we have built up a tolerance to our strongest macroeconomic medications. A decade of regular adrenaline shots, in the form of ultra-low interest rates and unconventional monetary policies, has severely depleted their power to stabilize and stimulate the economy.”